Fertilizer

NEW DELHI: A Parliamentary Standing Committee has rapped the fertilizers department for not fully utilising the earmarked Rs 5,900 cr fund under the tenth five year plan, saying it would adversely affect the ongoing and future projects. Pointing out that there was a gap of about Rs 2,534 crore in the allocation and anticipated utilisation, the standing committee on chemicals and fertilizers said it did "not approve such lackadaisical approach on the part of government or PSUs".

BEIJING: China, the world's top producer of rice and wheat , is targeting zero growth in the use of chemical fertilizers and pesticides by 2020 to avoid further contamination of its farmland, the official Xinhua news agency reported late on Tuesday. Wide use of chemical fertilizers, of which China is the biggest consumer, has boosted its agricultural output and kept the world's most populous country largely self-sufficient in grains, but it has also...

GUWAHATI: To discourage the use of chemical fertilizer, Meghalaya government has cut the subsidy on the chemical fertilizer. After Sikkim , Meghalaya now plans to become fully organic state. However state government's move has irked farmers. Farmers from different parts of the state protested in Shillong recently demanding continuation of subsidy. Principal Secretary , Agriculture Department of Meghalaya told ET, "We have decided not to provide subsidy for...

NEW DELHI: Atul Chaturvedi, a 1974 Indian Administrative Services (IAS) officer of Uttar Pradesh, Monday took over as secretary, department of fertilizer, ministry of chemicals and fertilizer. Prior to this, Chaturvedi was working as special secretary and finance advisor in the ministry of rural development, and was monitoring the finance part of the government's ambitious National Rural Employment Guarantee (NREG) scheme. Chaturvedi's new...

NEW DELHI: Fair trade watchdog CCI has imposed a total penalty of Rs 5 crore on Zuari and Deepak Fertilizers for violating competition norms with regard to their stake purchases in Mangalore Chemicals and Fertilizers. The regulator has slapped a "nominal" penalty of Rs 3 crore on Zuari Fertilisers and Chemicals Ltd (ZFCL) and Zuari Agro Chemicals Ltd (ZACL). Besides, a "nominal" fine of Rs 2 crore has been imposed on Deepak Fertilizers and its subsidiary SCM...

GUWAHATI: To discourage the use of chemical fertilizer, Meghalaya government has cut the subsidy on the chemical fertilizer. After Sikkim , Meghalaya now plans to become fully organic state. However state government's move has irked farmers. Farmers from different parts of the state protested in Shillong recently demanding continuation of subsidy. Principal Secretary , Agriculture Department of Meghalaya told ET, "We have decided not to provide subsidy for...

Rajesh Jain , Market Strategist in an interview with ET Now talks about fertliser sector stocks. Identify some money making ideas for our viewers? There are lots of stock clusters where you can start investing on a systematic basis for a couple of months and look forward to multibagger gains over the years. The fertilizer space looks very promising and despite the recent run up I do not think the full potential has been exhausted for...

PUNE: The fertilizer supply position in Maharashtra and elsewhere was now improving, after the supply lines had been dislocated due to the Gujjars' agitation in Rajasthan, Union Agriculture Minister Sharad Pawar said on Saturday. Pawar said he would be holding a meeting with fertilizer producers and his ministry would try to chalk out district-wise requirements to bridge the gap between demand and supply. The minister said the government had...

SILIGURI: Identifying unavailability of subsidized fertilizer to tea sector as one of the major reasons behind low yield of Indian tea plantations, Parliamentary Standing Committee on Commerce has recommended plantations to be made entitled to subsidized fertilizers and all state governments to ensure timely availability of it for tea sector. " The Committee feels that the problem of increased cost of fertilizers with no subsidy benefit is one of the main...

MUMBAI: Investors resorted to profit taking across the board sending key indices sharply lower. Inflation topping the 12 per cent for the first time in 13 years raised expectations of further monetary tightening, thus pressuring banks and other interest rate sensitive sectors. Metal counters, however, managed to find buyers after being battered in earlier sessions. Also, fertilizer shares were in the limelight after the cabinet approved...

New Delhi: The new nutrient-based subsidy (NBS) regime cleared by the Union Cabinet on Thursday is likely to slash the government's subsidy bill and boost fertilizer production. But one of the major stated aims of the policy ? that of promoting a more balanced use of fertilizers by farmers ? may not be actualized unless other measures are implemented in tandem. That seems to be the view of many agriculture experts and economists, who reacted to the government's...

In a chat with ET Now, RG Rajan , CMD, Rashtriya Chemicals and Fertilizers Ltd , talks about his company's Q3 earnings. Excerpts: ET Now: Q3 was a strong quarter for your company. What are the key highlights, according to you? RG Rajan: As compared to the third quarter of last year, the turnover has gone up by around 40% and the net profit has gone up by 80%. The main reasons for this are more output at both Thal and Trombay for...

Gujarat State Fertilizers and Chemicals (GSFC), a public sector undertaking promoted by the Gujarat government , has corrected by more than 20% after its lacklustre third quarter results. The firm's net sales for the third quarter of 2014-15 fell 10% compared to the same period last year and 12% compared to the preceding quarter. A month-long shutdown of the company's caprolactam and melamine plants for maintenance is the primary reason for the fall in...

SHILLONG: Hundred of farmers today staged a sit-in-demonstration protesting against the Mukul Sangma-led Meghalaya United Alliance (MUA-II) government for "denying" subsidies and fertilizers for the past many months hitting the agricultural produce. Led by the BJP state unit, farmers from far flung villages in the state attended the protest which was held about a hundred meters away from the Raj Bhavan here but under heavy unprecedented...

MUMBAI: Foreign shareholding in Gujarat State Fertilizers & Chemicals Ltd (GSFC) for FIIs has hit the trigger limit and any further purchases of company's shares by them will require the Reserve Bank's approval. As of quarter ended September 2014, FIIs held 19.10 per cent shares in the company, as per data on the BSE. "...the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors...

AHMEDABAD: Gujarat State Fertilizers Company will set up a bio fertilizer complex at Vadodara with an investment of Rs 50 crore, a company official said. The complex will produce water soluble fertilizer, plant growth promoters and liquid bio fertilizers. The products are water soluble and will be used in drip irrigation that is fast catching up in the state. The construction of the plant of the BSE-NSE listed company began on Friday. The proposed plant will manufacture liquid...

In a chat with ET Now, Prashasta Seth, Senior Fund Manager, IIFL Wealth shares his views about the sugar and fertilizer space. ET Now: What would be your call right now on select pockets like sugar and fertilizers? Prashasta Seth: These are two sectors which I do not take any exposure because it is too much dependent on news flow and too much dependent on what the government is doing. These are the two sectors which are good for...

NEW DELHI: Co-operative major IFFCO has suspended plans to set up an urea plant at Quebec in Canada due to a 60 per cent increase in cost estimates from the original USD 1.2 billion (over Rs 7,600 crore). IFFCO had announced in October 2012 plans for setting up of this urea plant in Canada in tie up with an agri-cooperative firm La Coop federee there. The two entities, however, said in a joint statement issued from Quebec they are not abandoning the project and...